i want to bring in imogen lloyd webber. if you ask dennis a question and he has a rebuttal, he ll say it s a good point and completely demolish your premise. is there anything the administration can do to counteract the speculators? like releasing more oil? it sounds crazy they are allowed to get away with this. there s plenty they can do and should do. the first thing they should do is start an investigation of the commodity hedge funds and the money flowing in from wall street into the markets. you don t have to have enforcement, but it s not manipulation. the real problem is access speculation. not all speculation. it was around 30%. we d see the markets functioning more stable with less volatility. the administration ought to get the department of justice and ftc to get the documents. let s look at what wall street s
i m alison kosik in new york. let s see what s going on with crude oil this day. as you see, almost back to $100. up $2.40 a barrel in electronic trade here in asia. this is after a fairly significant selloff last week on the fears of the u.s. economy, but those jobless numbers with we were talk about earlier, certainly dpirch a little respite. now, the unexpect collapse in oil prices last week certainly caught the world commodity hedge funds off guard. the financial times knapp is reporting that clive lost $5 billion. clive was down 8.5% on the week after wait called extraordinary price movements on thursday.